"The road ahead will be long. Our climb will be steep," Obama cautioned. Young and charismatic but with little experience on the national level, Obama smashed through racial barriers and easily defeated ...

<quoted text>... and yet, the t-p can't stand on their own and instead, prefer to hijack another party and even hold their own hostage!Talk about having no integrity!

Screw you commie bootlicker-you'd probably try and thieve the last ounce of milk out of a starving baby's bottle to feed nothing but your own ego.

READ IT, GET a CLUE-and GROW UP.

DELAY Tax and GOUGING the already broke back masses od high UNemployment at least a year!And DON'T be touching OTHERS EARNED retirement dollars-parasites!

GROW UP libuhrulTic, tree hugging DC!CAP and CURB the ALREADY beleaguered fwee riding prorgams.Get a DAMN B-U-D-G-E-T, BALANCE and Live within the MEANS.STOP SPENDING like drunken sailors, look at the DEBT already!

The economy and Reality DEMANDS IT!

T.E.A.!!

----------Third, while every President has had to deal with a recession, all recessions were not created equal. Furthermore, some Presidents have had to deal with unusual events, like the 9/11 terrorist attack and Hurricane Katrina. While these weren't part of the business cycle, they required responses that came with economic price tags.President Barack Obama:President Obama contributed the most to the debt, with cumulative deficits totaling $5.073 trillion in just four years. Obama's budgets included the economic stimulus package, which added $787 billion by cutting taxes, extending unemployment benefits, and funding job-creating public works projects. The Obama tax cuts added $858 billion to the debt over two years. Obama's budget included increased defense spending to around $800 billion a year. Federal income was down, thanks to lower tax receipts from the 2008 financial crisis.

Both Presidents Bush and Obama had to contend with higher mandatory mandatory spending for Social Security and Medicare. He also sponsored the Patient Protection and Affordable Care Act, which was designed to reduce the debt by $143 billion over 10 years. However, these savings didn't show up until the later years.

Over the next 20 years, the Social Security Trust Fund won't have enough to cover the retirement benefits promised to Baby Boomers. That means higher taxes, since the high U.S. debt rules out further loans from other countries. Unfortunately, it's most likely that these benefits will be curtailed, either to retirees younger than 70, or to those who are high income and therefore aren't as dependent on Social Security payments to fund their retirement.

The U.S., however, has been the beneficiary of two unusual factors. First, the Social Security Trust Fund took in more revenue through payroll taxes leveraged on Baby Boomers than it needed. Ideally, this money should have been invested to be available when the Boomers retire. In reality, the Fund was "loaned" to the government to finance increased deficit spending. This interest-free loan helped keep Treasury Bond interest rates low, allowing more debt financing. However, it's not really a loan, since it can only be repaid by increased taxes when the Boomers do retire.

Now that the U.S. has edged past Russia as the world's largest oil and gas producer, the drumbeat to export some of that oil bounty is expected to get louder as U.S. production continues to grow.

The North American energy picture has been evolving rapidly, as U.S. producers use drilling advances to extract oil and gas from shale rock and other difficult-to-access areas. That has created a boom, with the U.S. expected to produce an average 7.5 million barrels a day of oil in 2013 and 8.4 million barrels a day in 2014, according to the Energy Information Administration. The U.S. still imports about 8 million barrels a day.

The U.S. also has the world's cheapest and most abundant natural gas supply. Increased exports of natural gas are already on the horizon, with four export terminals approved and expected to begin operating by 2015. But federal law prohibits the export of U.S. crude to most countries-only nations that have free trade pacts with the United States can be sent oil exports-even though the U.S. has become a net exporter of refined petroleum products and is looking to export even more...."

lol! Well, well, well!!!!!"Ship, baby, ship! Calls come for US to export oilPatti Domm 12 hours ago CNBCShip, baby, ship! Calls come for US to export oil.Now that the U.S. has edged past Russia as the world's largest oil and gas producer, the drumbeat to export some of that oil bounty is expected to get louder as U.S. production continues to grow.The North American energy picture has been evolving rapidly, as U.S. producers use drilling advances to extract oil and gas from shale rock and other difficult-to-access areas. That has created a boom, with the U.S. expected to produce an average 7.5 million barrels a day of oil in 2013 and 8.4 million barrels a day in 2014, according to the Energy Information Administration. The U.S. still imports about 8 million barrels a day.The U.S. also has the world's cheapest and most abundant natural gas supply. Increased exports of natural gas are already on the horizon, with four export terminals approved and expected to begin operating by 2015. But federal law prohibits the export of U.S. crude to most countries-only nations that have free trade pacts with the United States can be sent oil exports-even though the U.S. has become a net exporter of refined petroleum products and is looking to export even more...."

And DON'T be using US dollars to FUND ANY other nations energy!

(President Obama contributed the most to the debt, with cumulative deficits totaling $5.073 trillion in just four years)

NO MO' FWEE riding for other countries- libuhrultic jackboots!!!

T.E.A.--REAL Americanss -for keeping it IN America-FOR America-NOT deplete and drain against it!

(wth we doing bouncing to Indonesia for, when LIBYA/Benghazi still hasn't been explained TRUTHFULLY or Transparently!!!)

Tell me when this thread is updated:

Add your comments below

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite.
Inappropriate posts may be removed by the moderator. Send us your feedback.